ERHC Energy Inc (ERHE)

[bayfisherii]

Both Dan and Peter are jokes, but inevitably the joke may be on us.

They have managed this company like a shell game, and in-spite of it being a registered US company it more closely resembles a Nigerian Poster child.

I get the feeling that all of us minority stockholders feel that there is nothing we can do because one man (a Nigerian) owns the majority of the stock. I am beginning to see that it may be in all of the shareholders interest (that is us) to take our issues directly to the SEC. Simply put, we file a minority shareholder complaint. And we file it against all current officers, DK and the board. I alone, in personal (mostly unprofessional) responses from DK have enough to have him investigated. I can only imagine what the rest of you have.

There are clear rules under Sarbanes Oxley that require companies to be open and honest in their dealings with the investment community. In my humble opinion ERHC has flagrantly disregarded most of them.

I feel that we have put up with the lack of information or in a few cases cryptic information at best thinking that there was some grand plan in place. And Guys and Gals I can't see it.

I feel that it may be in our interest to unify our position give this management group some period of time (maybe 3 months at the most) to come out with the information they have or show us that they have a viable plan in place. Ridiculous info regarding moving to the AIM or buying on-shore producing properties is not at a level appropriate with running a company with these potential assets.

If they cannot show us something within that time-table we take everything to the SEC and ask them to initiate a SOX investigation. Under Whistle Blower protection covenants they have to initiate an investigation.

Anyone else have a better idea?

Bay